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Devils At Risk Of Defaulting On Loan

Posted By Sports Talk Florida Rumors On June 17, 2013 @ 4:47 PM In News and Rumors,NHL | No Comments

[1]

Well, according to the New York Post, they’re not.

The team’s cash-strapped owner, less than six months after restructuring its debt, has missed an interest payment and now risks defaulting on its new loan, a source with direct knowledge of the situation said.

The latest financial blow-up at Devils Arena Entertainment — a missed interest payment in April of nearly $3 million — has surprised those close to the once-proud NHL franchise.

If the report is accurate, it’s not clear if it’s just a short-term cash-flow issue or evidence of a larger problem for owner Jeff Vanderbeek.

The NHL, according to the Post, “said the story was inaccurate but declined to give specifics.”

Source: Jason Brough, NBC Sport Pro Hockey Talk [2]


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[1] Image: http://www.sportstalkflorida.com/devils-waive-janssen/new_jersey_devils_logo_2013/

[2] Jason Brough, NBC Sport Pro Hockey Talk : http://prohockeytalk.nbcsports.com/2013/06/17/report-devils-at-risk-of-defaulting-on-loan/

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